Get started
T3-Consultancy

EURUSD M30: Bearish outlook seen, further downside below 1.0720

Short
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
T3-Consultancy  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index EURUSD eurusdshort eurusdbearish Forex forexsignals forextrading
5
0
trendanalysis harmonicpatterns chartpattern usdollar eurusd eurusdshort eurusdbearish forex forexsignals forextrading
On the M30 timeframe, prices are testing a key resistance zone at 1.0720. Failure to break above the resistance zone could see price drop to the support zone at 1.0680, in line with the 61.8% Fibonacci retracement. MACD is showing bearish momentum, supporting our bearish bias.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.